If you're afraid of that last application, don'tdeletestrace! Your problem isn't there, it's in the kernelhooks which let the program do its work!
In other words, the bad guys can just bring their own version, while the good guys have been deprived of an important tool.

On most other UN*X systems, what is called strace does something else completely. On Solaris, Sun at least give you truss, which does what strace does.